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 sandyf for 4/19/18

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PostSubject: sandyf for 4/19/18   Thu Apr 19, 2018 8:32 pm

The last financial statement from the CBI was signed off on the 25th July 2017, so it will be a few months before we see the next one. The statement shows the total liabilities of the CBI as being 74,344,721 million IQD from which a liability of 45,231,515 million IQD (approx 61%) exists for currency issued. It should be noted that total assets are shown as 76,544,213 million IQD so equity in the CBI stands at about 2.9% of assets. In simple terms, very close to being technically insolvent
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